The Shiba Inu (SHIB) price is showing strong technical signals that could precede a major rally, with analysts pointing to a long-term ascending triangle pattern as a potential springboard for explosive growth. Crypto analyst The Cryptagon has shared a bullish outlook, suggesting that SHIB is poised to break out from a 3.5-year consolidation pattern — an ascending triangle — which could propel the meme coin toward its all-time high (ATH) and possibly beyond.
This anticipated surge could deliver gains of up to 660%, echoing the momentum seen during SHIB’s historic 2023 rally. With key technical indicators aligning and market sentiment gradually turning positive, investors are watching closely as Shiba Inu approaches a critical breakout zone.
Technical Breakdown: The Ascending Triangle Pattern
An ascending triangle is widely recognized in technical analysis as a bullish continuation pattern, characterized by a flat resistance level and a rising support trendline. In the case of Shiba Inu, this pattern has been forming over the past 3.5 years, indicating prolonged accumulation by long-term holders.
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According to The Cryptagon’s analysis on TradingView, SHIB is now testing the upper boundary of this long-term triangle, with the Relative Strength Index (RSI) on the weekly timeframe mirroring the sequence observed between February and May 2023 — a period that preceded a 661% surge in price. This parallel suggests that similar momentum could be building once again.
The key resistance level to watch is around $0.000035000**. A confirmed breakout above this point could trigger a powerful rally, potentially pushing SHIB toward its current ATH of approximately **$0.00008450 — representing a nearly 700% increase from current levels.
Double Bottom Formation Adds Bullish Momentum
Adding to the optimism, The Cryptagon highlighted that Shiba Inu recently formed a double bottom pattern, a classic reversal signal that often marks the end of a downtrend. This pattern emerged following the August 2024 low, reinforcing the idea that selling pressure has exhausted and buyer interest is returning.
A double bottom not only indicates strong support but also increases the probability of a sustained upward move, especially when combined with other bullish indicators like volume expansion and RSI divergence. The analyst emphasized that this confluence of factors presents a “unique long-term opportunity” for investors to enter before the next leg up.
Expert Price Targets: $0.000081 to $0.00008450
Javon Marks, another respected crypto analyst, has echoed similar projections. He forecasts that SHIB could reach the $0.000081 range in the coming months, driven by increasing market responsiveness and sustained buying pressure post-breakout.
Marks noted that this target remains valid as long as SHIB maintains its position above key support levels and continues to demonstrate strength after breaking out of consolidation zones. A successful rally to this zone would represent over 500% gains from current prices, making it an attractive proposition for both short-term traders and long-term holders.
Bullish vs. Bearish Scenarios: What’s Next for SHIB?
Crypto Sat has outlined two potential paths for Shiba Inu based on short-term price action:
Bullish Case
On the 1-hour chart, SHIB is forming a falling wedge, another bullish reversal pattern typically followed by an upside breakout. If the price clears the immediate resistance at $0.00001260**, momentum could accelerate toward **$0.00001280, with further extension possible toward $0.00001320 if buying volume surges.
A confirmed breakout above these levels could act as fuel for larger moves, especially if broader market conditions remain favorable and Bitcoin stabilizes above key support zones.
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Bearish Case
Conversely, if SHIB fails to break $0.00001260 and treats it as resistance, a retest of support near **$0.00001220** becomes likely. A drop below this level would invalidate the current bullish setup and could lead to further downside pressure, potentially extending losses if market sentiment sours.
However, even in a bearish scenario, the long-term fundamentals of Shiba Inu may limit prolonged declines, given ongoing ecosystem developments and community strength.
Fundamental Strength Behind the Meme Coin
While technical patterns provide valuable insights, Shiba Inu's underlying fundamentals also contribute to its long-term potential:
- Shibarium Development: The layer-2 scaling solution for SHIB continues to see upgrades and increased adoption, enhancing transaction speed and reducing fees.
- Token Burns: Ongoing burn mechanisms help reduce supply over time, creating deflationary pressure that could support future price appreciation.
- Ecosystem Growth: Expansion into NFTs, decentralized finance (DeFi), and metaverse projects strengthens SHIB’s utility beyond speculative trading.
These factors reinforce the idea that Shiba Inu is evolving from a pure meme coin into a more functionally robust ecosystem — a transformation that could attract institutional interest in the long run.
Current Market Status
At the time of writing, Shiba Inu is trading around $0.00001261, reflecting minor declines over the past 24 hours. Despite short-term volatility, the overall structure remains constructive, with multiple analysts monitoring the critical resistance zone as a potential launchpad for the next rally.
Frequently Asked Questions (FAQ)
Q: What is an ascending triangle in crypto trading?
A: An ascending triangle is a bullish chart pattern where price forms higher lows while facing consistent resistance at a flat top level. It often precedes strong upward breakouts, especially after prolonged consolidation.
Q: How high could Shiba Inu go if it breaks out?
A: Analysts project SHIB could reach between $0.000081 and $0.00008450 — representing gains of 500% to 660% — if it successfully breaks key resistance and maintains bullish momentum.
Q: Is Shiba Inu still considered just a meme coin?
A: While it began as a meme coin, SHIB has developed real-world utility through Shibarium, DeFi applications, and token burns, giving it stronger long-term fundamentals than many peers.
Q: What happens if SHIB fails to break $0.00001260?
A: Failure to break resistance could lead to a pullback toward $0.00001220. A close below this level would signal weakening momentum and could delay any significant rally.
Q: Are technical patterns reliable for predicting SHIB’s price?
A: While no indicator guarantees future movement, patterns like ascending triangles and double bottoms have historically provided high-probability setups when confirmed by volume and broader market trends.
Q: What factors could accelerate SHIB’s next rally?
A: Key catalysts include Bitcoin stabilizing above $45K, increased Shibarium adoption, positive regulatory news, or large-scale token burns that reduce circulating supply.
With technical indicators aligning and fundamental developments progressing, Shiba Inu appears to be entering a pivotal phase. Whether it's driven by pattern-based momentum or ecosystem growth, the potential for substantial upside remains intact.
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